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Targacept is “one of the best specs I have ever seen,” Cramer said Friday. The company hopes to find partnership for a key anti-depressant drug by the end of the year, and the Mad Money host recommended that investors get in ahead of that, if they’re looking for a little speculation.
The treatment in question is TC-5214, for which the company released positive Phase II data back on Oct. 15. Targacept [TRGT
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] rallied $4 on the news, but has since dropped back down to pre-report levels. That offers a great entry point for anyone who wants to build a position in the stock.
So should you buy it? Watch the video for Cramer’s full report. He reviews TC-5214 in full, highlights Targacept’s other drugs and analyzes the company’s balance sheet and more.
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